Capacity shortage exists when the current levels of demand for a business’s products are more than the full production capacity of a business.
Posts published in “Year: 2024”
Productivity is a relative measure of how efficiently the inputs are changed into output - the ratio of outputs to inputs in a production process.
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Capacity in business is the maximum output that a business can produce in a given period with the available resources within an organization.
The quality and effectiveness of management are important determinants of operational efficiency of a business organization.
Efficiency means productivity. It is about the management of resources, using machinery, making people work harder, processes and people altogether.
Traditional working patterns based around the 9-to-5 job have become less common. There is a shift towards new types of employment.
The HR management function not only focuses on the current business environment, but it also must consider changing employment patterns.
Workers are protected by law not to be dismissed from their job without appropriate reason. Otherwise, this would be considered unfair dismissal.
A business will sometimes need to reduce its workforce size. Cutting back the workers is often done in order to improve business efficiency.